Dear Experts,
We are the manufacture of Dutable goods, if we make trading of such goods (purchase and sale of similar goods manufactured by us), wether it is treated as 'EXEMPTED SERVICES' and whether it is hit by Rule 6 of Cenvat Credit Rules.
Kindly give clarification.
Trading is hit by Rule 6 of CCR eventhough you trade similar goods manufactured by you.
If you make trading of goods you shoud be reversed CENVAT credit taken on trading goods.
Rohit KC Jain & Co
New Delhi
CA Inter
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RBSM Corporate Advisors Private Limited
Pune
CA
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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CCI
Pro
CAclubindia
